Fifty times more powerful than heroin and 100 times stronger than morphine, fentanyl can be a pain management tool when prescribed. However, in 2021 illegal use of the drug was linked to almost 1,700 fatal overdoses in Texas. This month’s Fiscal Notes explores how the state is addressing the fentanyl crisis and protecting the 1,254-mile Texas-Mexico border to prevent illicit fentanyl from seeping across in “Fentanyl Flowing into Texas.” Stopping illicit fentanyl is only one part of […]
opioid
AG Paxton Announces $2.37 Billion Agreement to Settle with Former Opioid Maker
For the second time this week, Attorney General Paxton and a bipartisan group of attorneys general announced an agreement in principle to address the opioid crisis. The proposed settlement would require the former opioid maker Allergan to pay up to $2.37 billion to participating States and local governments. Once finalized, the combined Allergan and Teva settlements would provide as much as $6.6 billion nationwide. Both settlements remain contingent on resolution of key issues regarding the settlement structure. The parties are also negotiating terms […]
Opioids Maker Teva Agrees to $4.25 billion settlement: Preliminary Agreement Will Provide Cash and Naloxone to Address Opioids Crisis
Attorney General Paxton has reached an agreement on key financial terms with opioid maker Teva, which would provide up to $4.25 billion to participating states and local governments. While critical details of the settlement remain the subject of ongoing negotiations, Teva disclosed the key financial terms in its earnings announcement. Texas previously entered into a separate deal with Teva, which includes a provision that allows the state to benefit if those terms are more favorable. “This settlement […]